Thursday, November 20, 2008

Washout days

James Dines refers to sell offs that began, yet again, yesterday, as watershed waterfalls. Cramer, in his book, mentioned that everything he bought soured during this market environ. Joe Granville says, as Cramer's wife did, to keep buying! Of course, she was looking at shopping catalogues as she did (Im sure some traders are as well but for different reasons).

Usually, the Fed or some government official in a day of crisis will do something to stir this market.

Lets see what happens. Personally I want to be out drinking and flirting with beautiful girls.

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